NEW YORK (dpa-AFX) – The ongoing war in Ukraine also had a stranglehold on the US stock markets on Tuesday. Despite new Western sanctions, Russia intensified its attacks on its neighbor. Rising energy prices also fueled inflation concerns, especially as the US government says sanctions against Russia’s energy sector are still possible.
Der Dow Jones Industrial steadily expanded its moderate initial losses in the course of trading and was last listed 2.02 percent lower at 33,207.56 points. The market-wide S&P 500 fell 1.73 percent to 4298.32 points. The tech-heavy select index Nasdaq 100 fell by 1.53 percent to 14,019.75 points.
With oil prices continuing to rise, shares in oil companies remained in demand. That’s how Chevron’s shares rose at the top of the Dow by 2.7 percent. The company had also raised the target range for its annual share buyback target. The shares of ConocoPhillips up 1.3 percent, those of ExxonMobil increased by 0.5 percent.
For the video conferencing service Zoom the time of explosive growth in the Corona crisis is over, as the latest business figures show. With the waning tailwind from the corona pandemic, growth rates for the video conferencing service also normalized, wrote analyst Kash Rangan from the investment bank Goldman Sachs . The Zoom titles lost 4.9 percent.
Target’s stock shot up more than 10 percent at the top of the Nasdaq 100 index. The retail chain’s figures for the fourth quarter exceeded analyst estimates./edh/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0492 2022-03-01/20:08
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